Explaining the Industry of Smart Healthcare Products:
Smart pills are showing a humongous increase in demand and are likely
to continue doing so till 2023. Smart pills are projected at a very
promising CAGR 18.84% from 2015 to 2023. Meanwhile, electronic health
records are expected to remain the dominant smart healthcare product
segment till 2023 when it is expected to accrue a revenue of US$39.61
bn. In terms of smart healthcare product applications, health data
storage and exchange as a segment is expected to generate US$39.73 bn
by 2023, thus remaining the dominant application segment till then.
North America Stays on Top of Smart Healthcare Products Demand
The sheer demand for smart healthcare products in North America is
expected to keep this region at the top of the charts till 2023. By
the end of 2023, North America is expected to gather US$21.09 bn in
smart healthcare product revenue. This is attributed to the large
number of incoming small and medium-sized enterprises, along with
constant market consolidation efforts by the more prominent players.
Meanwhile, Asia Pacific is expected to show a robust CAGR of 9.77%
from 2015 to 2023 owing to a quickly evolving healthcare industry on
a digital scale. The digitization of the Asia Pacific healthcare
industry is supported by both private and government organizations,
allowing for a high scope of entry for local as well as globally
prominent smart healthcare product manufacturers.
Smart Healthcare Products Incorporation into IoT Apps to
Consolidate Demand Over Time
“The IoT revolution has already caught up with the global smart
healthcare products market and is creating a vast scope of
applications in the market through the use of advanced sensors and
machine communication technologies. The implementation of the latest
IoT technologies is allowing manufacturers of healthcare hardware and
medical equipment to produce and store medical records at rates much
faster than before,” states a TMR analyst.
The scope of application of IoT in smart healthcare products is
extremely high and can only be revealed through constant development
efforts. A lot of top healthcare organizations are already using
measuring and monitoring devices that are remotely controlled to
provide astute critical care to patients. Medical personnel can
access the recorded information at any time from relevant connected
devices and across multiple device platforms, thus increasing the
patient’s chances of recovery vastly.
Read the Specifications of Smart Healthcare Products at:
https://goo.gl/0WKnsh
Security Issues Continue to Deter Smart Healthcare Product Users
Among the few restraints on the growth of smart healthcare products
on a global scale, two key factors that lie in its path are cost and
safety. A large number of smart healthcare products are very high in
cost, making them inaccessible for patients from several developing
economies. The cost of implementing smart healthcare products is also
quite high for healthcare organizations as well, as the growing use
of cutting-edge smart tools requires a greater number of skilled
labor, which is currently short in supply on a global level. Several
studies have also posited that the use of smart healthcare products
by small healthcare organizations or individual medical practitioners
can actually be detrimental to their financial situation rather than
make things smoother and cost-effective. At the moment, most
large-scale implementations are therefore restricted to large
healthcare organizations.
“The healthcare sector is not completely immune to market
volatility, but can still show a constant rate of improvement
especially in developing economies. Manufacturers of smart healthcare
products can look to these regions for better chances while the
spending in their healthcare industries increases steadily,” adds
the analyst.
No comments:
Post a Comment